GE Vernova (NYSE:GEV) Now Covered by Redburn Atlantic

Redburn Atlantic assumed coverage on shares of GE Vernova (NYSE:GEV) in a research note issued on Tuesday, Marketbeat reports. The firm set a “neutral” rating and a $178.00 price target on the stock. Redburn Atlantic’s price target suggests a potential upside of 3.08% from the stock’s previous close.

GEV has been the subject of several other research reports. Raymond James began coverage on GE Vernova in a report on Wednesday, April 17th. They set an “outperform” rating and a $160.00 price objective for the company. Bank of America started coverage on GE Vernova in a report on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price objective for the company. Evercore ISI started coverage on GE Vernova in a research report on Thursday, April 18th. They set an “outperform” rating and a $174.00 target price on the stock. Daiwa Capital Markets began coverage on GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 target price on the stock. Finally, Morgan Stanley began coverage on GE Vernova in a research report on Thursday, May 23rd. They issued an “equal weight” rating and a $167.00 price objective on the stock. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $172.25.

GE Vernova Stock Up 1.7 %

Shares of GEV stock opened at $172.68 on Tuesday. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $185.50. The business has a 50 day simple moving average of $167.72.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The firm had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.56 billion. On average, research analysts anticipate that GE Vernova will post 3.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova in the 1st quarter worth approximately $367,474,000. Steadfast Capital Management LP bought a new position in GE Vernova during the 1st quarter valued at approximately $80,235,000. Kinetic Partners Management LP bought a new position in GE Vernova during the 1st quarter valued at approximately $20,854,000. Yaupon Capital Management LP bought a new position in GE Vernova during the 1st quarter valued at approximately $10,256,000. Finally, Spear Holdings RSC Ltd bought a new position in GE Vernova during the 1st quarter valued at approximately $8,615,000.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.